Aaron Foster submits: ING (ING) reported Q3 results on Nov. 12, 2010, that provided a lot of new information about the company’s future. First of all, ING experienced a fall in earnings on a YOY basis, largely due to a $700 million write down taken against its US Insurance business.
TORONTO • Arkadi Kuhlmann, the founder of ING Direct, disappeared from public view for a while along with ING’s once-ubiquitous Dutch pitchman who urged Canadians to “save your money.” But Mr. Kuhlmann is returning to the world of financial services with a new venture and a new partner: Duca Financial Services Credit Union Ltd.
The Hague (AFP) - ING, the Netherlands' largest bank, announced Wednesday it has sold its remaining stake in US insurance company Voya for $2 million (1.8 billion euros), closing out its US activities in the sector.
Andrew Wilkinson submits: ING Groep N.V. (ING) – The Amsterdam-based financial services firm popped up on our scanners in the second half of the trading session after one bullish options trader populated the April 2011 contract with a bullish ratio risk reversal strategy. ING’s shares are up 3.35% to trade at $11.14 as of 2:35 pm in New York.
Dutch bank and insurance group ING on Wednesday reported 499 million euros (748 million dollars) in net profits for the third quarter as the bailed-out company undergoes a major restructuring.ING, which benefited from a 10 billion euro capital injection from the Dutch government in October 2008, had seen net losses of 478 million euros over the same period last year, the company said in a statement.